Policy regime change is needed in the business and especially in the finance sector. The old paradigm of the Philippines and selected vassal type states with supplier economies, must be revolutionized. This will depend mostly on the act of the young, emerging, up-and-coming captains of industry.

The history of Philippine finance has been that of subservience and excessive docility towards superior super powers or stronger industrial economies. This cannot be the case any longer. Even with the excursion of individuals or groups like Enrique Razon to foreign frontiers, Ayala and other entrepreneurs – Eduardo Cojuangco Jr., Lucio Tan, Henry Sy, John Gokongwei to foreign enterprise destinations or missionary ports such as New Zealand, Australia, China, Latin America, Papua New Guinea, Vietnam, among many others, much has to be repaired in the Philippines.

Benevolent, jump-starting credit from both the public and the private sector is close to non-existent, breeding unsophisticated but widespread corruption within the private sector; the government is most of all helpless to stem this kind of graft and corruption within the world of Philippine business. The doctrine of trust as the most important item for purchase in the Philippines is extremely prostituted to nauseating proportions. At the end of the day, private enterprise becomes the receiving end of chastisement and censure for entering into haphazardly concocted schemes that bleed the public treasury dry or siphon the blood of the average consumer publics.

While banks deprive the vast majority of the country of credit, the financial sector lends indiscriminately to public sector institutions that simply steal the borrowed funds or connive with private business groups or ghost, or shell non-profit service providers to divert the loans and bank the same in private accounts.

Still, notwithstanding this cruel practice of the financial sector, Big Business engage in blatant theft of intellectual property of both local and foreign IP owners, enriching themselves without regard to any kind of regulation or rule designed to rationalize fair use of property rights.

One of the greatest failures of the state stems from the lack of a strong, collective espousal of concern for one’s country. The fundamental blame can be traced to this country’s entire educational system that is wholly inadequate in this regard in comparison with more nationalistic, patriotic states like Japan, Taiwan, South Korea, Malaysia, and others. Both the public sector and the business sector work in proverbial synchronicity towards improving the nation state – all in their own niches. Compounding this problem is that the sons and daughters of the captains of industry and political elite usually grow up under the watch and tutelage of more or less illiterate baby sitters (yaya) and imbibe a culture of Mr. Nonoy Marcelo’s nincompoopism, similar now to that exhibited by the national leadership.

As a classic example, in a few decades following the Second World War, Taiwan subsidized power, communication-telecommunications, among many other amenities so that business will grow. In the Philippines, both business and public sector will bleed the people dry for the use of these utilities but give way to the elite to be free of hassles in freely using and increasing their consumption of both power wattage and telecom air time.

Bangko Sentral ng Pilipinas (Wikipedia photo)

The country plunged into the mendicancy promoting program of handing out cash to the poorest of the poor. This entailed nearly 3 billion pesos (about US70 million dollars) per year during the time former President Gloria Macapagal Arroyo and ballooned into 21 billion pesos or more (approximately US490 million dollars) at the present, in the incumbency of Mr. Benigno Aquino.

If credit regime policy was revolutionized and this so-called cash transfer program, including the billion peso bribes to legislators and bureaucrats were spent instead for pump-priming national credit, if only the leaders of the country were more patriotically inclined instead of exceedingly greedy, a lot of change would have happened over the last three years.

It will certainly take a mere pittance of the 2014 2.26 Trillion pesos Philippine budget to create islands of growth in the financial credit sector. But if things go on as they are, this is mere wishful thinking but without doubt a situation that could breed bigger problems in the near future. The state of want and deprivation everywhere surely will translate into bigger crimes, fuel terrorist group’s recruitment efforts and spur a myriad social issues that will be difficult for any future administration to competently manage.

Then again, the same could have been hoped, if the previous regimes from the post-Marcos era to the present had entered into this kind of paradigm shift. But there appears to be no hope for the country given the kind of nincompoops pretending to run the government or acting like captains of industry in a country they will never consider to be their own love. The best next thing that could happen in the Philippines then, going back to the initial premise that the only redeeming factor are the youth and the conscientious citizens of this land, will be a full-blown, whole system resetting revolution or a self-imposed values reorientation and policy regime shift by the business sector.

Every source of decay dies of its own; however, there is absolutely no crime in removing the root of a disease even before its appointed death. Relatedly, any system can always have bugs. But no system admin would appreciate running the system with the bugs when ridding it of the problem issues will make the thing run smoother, more efficiently and make every affected end user happy.

Before development happens, the integrity of society must be ensured. This includes government, the people, the various sectors, coming together or undertaking acts showing signs and semblances of convergence or confluence towards a greater goal, fortunately, for the greater good.

In case of the presence of intervening forces such as destabilization, massive corruption and decay of the state’s institutions, sometimes swift solutions need to be applied to prevent further deterioration of the politic into regression. During specific events in human history where the basic nature of man was fully put to test, the worst kind of behavior among constituents of the state deplorably brought nations down.

From the Middle East, Africa, the Americas, Europe, Asia and the cold continent vast territories were laid to waste due to the the surge of barbaric behavior among both the leaders and subjects of kingdoms and states. In the Philippines today, or even in the Americas, in Europe and elsewhere, developments like this are taking place. The decline in societal integrity threatens basic survival in the face of worsening conditions in the globe wrought by phenomena such as climate change, the onslaught of the hyper effects of maximized solar flare activity, the planetary behavior in our own Milky Way, among many others.

On many occasions in the past, often external forces were helpful in bringing about the healing of a kingdom or state. But the most poignant stirrings towards treating a nation’s ills must start from within.

The people of the Philippines will suddenly come to the realization at one point, that they are going on a downward spiral that will take the entire country past the point of no return. When this happens the basic politic will gradually slide inexorably into anarchy. The hostage taking in Zamboanga City, the succeeding similar sympathetic acts in Cotabato, the breakdown of the peace process with the Moro Islamic Liberation Front, the deterioration of peace and order, the overwhelmingly shocking reports about horrendous overspending for unacceptable purposes, appear to be clear manifestations in the scheme of things and such events will continue to fester and like wounds that grow into serious afflictions. Without doubt, these ills could develop rapidly into irreparable proportions.

At this time, benign foreign intervention may be necessary, or forceful internal interference – as it were – as it appears that the major force steering the country has become fully corrupted enough and totally demonized by its very own doings and undoings to have any more moral ascendancy to lead. There is no alternate but for the prevailing inchoate corporate philosophy of a government gone wayward to be wholly replaced by a saner and more coherent paradigm.

Mr. Aquino at Malacanang and his cabinet has lost their precious moment and all bets are off. It is time for change, and in the Philippines’ case, an overhauling regime change. The people and the future generations deserve no less than that.

By whatever rationalization or justification, the current brouhaha over the PDAF, DAP, Malampaya, the Napoles scam expose, all lead to the role of Malacanang. At this time, the slogan by which the current administration artificially propelled itself into power is already dead.